Auto industry volt-production-2

Published on April 18th, 2014 | by Andrew Meggison

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GM Invests $384 Million Into Chevy Volt Factory

volt-production-2

GM is making a $384 million investment in its Detroit – Hamtramck plants. where the Chevy Volt and Opel Ampera are built. This investment is estimated to add 1,400 new American jobs, and includes upgrades to the assembly lines for increased output of these two plug-in hybrids.

The investments and upgrades will allow for a second shift to be put into place at the assembly plant, thus adding new jobs. Additionally, GM will invest approximately $65 million into battery technology for use in their current and future EVs. This coincides with speculation that the new 2016 Chevy Volt will be teased at January’s Detroit Auto Show.

Overall this is great news for the city of Detroit, where unemployment is still well above the national average. Sales of the Volt haven’t exactly taken off, but with special lease deals and state incentives sales have at least remained steady. Last fall GM dropped the Volt’s price from $40,000 to $35,000, and as battery costs continue to come down thanks to investments like GM’s, it’s a safe bet that the price will drop again in the near future.

Source: greencarreports.com

 

 




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About the Author

Andrew Meggison was born in the state of Maine and educated in Massachusetts. Andrew earned a Bachelor's Degree in Government and International Relations from Clark University and a Master's Degree in Political Science from Northeastern University. In his free time Andrew enjoys writing, exploring the great outdoors, a good film, and a creative cocktail. You can follow Andrew on Twitter @AndrewMeggison



  • egogg

    Just for the sake of accuracy:

    Current Plant Production[edit]

    Chevrolet Volt (aka Holden Volt, Opel Ampera, Vauxhall Ampera) 2010–present

    Chevrolet Malibu 2012–present

    Chevrolet Impala 2013–present

    Cadillac ELR 2013–present

    So some of the monies invested are going toward traditional ICE vehicles, and they build the ELR there.

    Fixed it.

  • Toes

    If they had the “balls” to put a fuel cell range extender in the thing it would be worth it. Ok, would like ultracapacitors instead of batteries but that’s asking too much.

    • egogg

      I doubt it’s so much about testicular fortitude, as it is about economics.

      As soon as they make hydrogen fuel cells that compete with the cost of the lithium batteries in the current generation of the car, you might see an HFCV version.

      I’m not holding my breath.

    • Vatcha

      The “balls” huh? This is serious business. You don’t just pull up to the drive through, give them your order and pick it up at the next window.

      GM is currently running a 100 vehicle Equinox fuel cell test fleet. They signed an agreement with Honda last year for joint fuel cell technology development. I think their target is to have something on the market by 2020. They’ve been working on fuel cell technology for at least the last 15 years. As I recall they were the first major US manufacturer to develop their own fuel cell technology in house.

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